English Edition

Power Rate Cuts for Millions of Homes, Firms

Παρ, 8 Οκτωβρίου 2010 - 15:30

The Public Power Corporation (PPC) announced new electricity rates for 2011 that will see cuts by up to 20 percent for some 1.2 million homes, while about 1 million companies are set for reductions of between 5 and 18 percent within the context of the power market’s liberalization. In contrast, farmers and the owners of holiday homes will see rates rise by up to 14 percent.

Nabucco Delayed as Azerbaijan Talks Drag On

Παρ, 8 Οκτωβρίου 2010 - 15:29

The final decision on investment in the Nabucco pipeline will definitely not be taken this year and has been delayed until 2011 because gas supply talks with Azerbaijan are dragging on, an Austrian newspaper reported today (8 October).

Paris Oil Drillers Target 100 Billion Barrels Near Brie, Wine

Παρ, 8 Οκτωβρίου 2010 - 15:28

Pierre Henry farms wheat and corn east of Paris in an area famous for its Brie cheese. The next big hit might be crude oil. Henry’s farm, 78 kilometers (49 miles) from the French capital, sits atop what geologists call the Paris Basin, an area bordering Champagne and Chablis vineyards that struck oil in 1958. Henry leased a field to Exxon Mobil Corp. in 1985, which drilled wells that have pumped for a quarter century.

Rosneft Vice President Quits, More to Follow

Παρ, 8 Οκτωβρίου 2010 - 15:26

Rosneft's Vice President Mikhail Stavsky is quitting and more resignations among management are to follow, Kommersant business daily said on Friday.

Work on South Stream, Nord Stream Proceeds as Scheduled - Putin

Παρ, 8 Οκτωβρίου 2010 - 15:25

The process of laying the South Stream and Nord Stream pipelines proceeds as scheduled, Russian Prime Minister Vladimir Putin said at the meeting with Gazprom CEO Alexei Miller on Friday.

Enel CFO: No New Capital Hike To Lower Debt -Report

Πεμ, 7 Οκτωβρίου 2010 - 19:02

Enel SpA (ENEL.MI) won't need a new capital hike to bring down its net debt, the Italian energy company's Chief Financial Officer Luigi Ferraris says in an interview published in Spain's Cinco Dias newspaper Thursday.

Gamesa Sees 4GW In Wind Turbine Sales In 2013

Πεμ, 7 Οκτωβρίου 2010 - 19:02

Gamesa Corporacion Tecnologica SA (GAM.MC) Thursday said it expects its wind turbine sales to rise through 2013 as the company continues a shift in manufacturing toward growth markets in Asia, the U.S. and South America.

Greek PPC to Benenfit From New 2011 Electricity Tariff

Πεμ, 7 Οκτωβρίου 2010 - 19:01

The Greek Ministry of Environment and Climate Change Thursday said it has rebalanced electricity tariffs for 2011, lowering rates for commercial users, which should benefit Public Power Corp. (PPC.AT).

Saudi's Aramco Mulls Terms For $4B Loan Refinance-Sources

Πεμ, 7 Οκτωβρίου 2010 - 19:01

State-owned Saudi Arabian Oil Co., or Aramco, is considering potential terms on a $4 billion loan refinancing after inviting banks to pitch for the business, people familiar with the situation said Thursday.

DESFA to Speed Up New LNG Storage Unit

Πεμ, 7 Οκτωβρίου 2010 - 18:29

DESFA, Greece’s natural gas grid operator, said it is speeding up construction of a third liquefied natural gas storage tank at its Revithoussa Island terminal, near Athens. The 95,000-cubic meter LNG storage facility, which is budgeted at 130 million euros ($180 million), is now scheduled for completion in 2014, a year earlier than originally planned